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Colac
VIC, 3250 - Colac Otway

Thinking about buying in Colac? Now could not be a better time, with 6002 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $515,000 with prices in this suburb ranging from $95,000 to $2,332,000. The aproximate distance to the coast is 38 Km.

Household Makeup

Median Weekly Rent $262.24
Median Monthly Mortgage $1228.41
Median Persons Per Bedroom 0.72
Average Household Size 2.00
Average Age 48.00
Average Income $635.35
Average Cars Per Dwelling 1.52
Average Properties Within 50M 10

Housing Stock

Average Property Prices

1 Bed  $372,000
2 Bed  $396,000
3 Bed  $526,000
4 Bed  $685,000
5 Bed  $801,000
6 Bed+$713,000
Properties for sale in Colac
Instant Property Valuation

Colac Real Estate Market Outlook

Prices are above market average and increase steadily under persistent demand. A more sustainable rate of price growth is anticipated in the short to medium term. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine Colac due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. The slightly lower than average earnings from occupations in Colac changes the housing and lifestyle preference. It is more a matter of what can be afforded rather than what would we prefer, leading to slower price increases over time. Low population density implies low demand and limits housing choices and price increases. Could be a good entry point for first home buyers needing to somehow get into the market. With very low industrial sector presence in Colac the focus is on lifestyle, driving specific demand around facilities, services, and open space. Most people are employed in service sectors with a higher than average proportion being able to work from home. This may incease demand over the medium term.

Houses for sale Colac

Ray White 38 RAE ST, COLAC, VIC, 3250 Beds0 Bathrooms0 Parking 0 295000
Ray White 65 CALVERT ST, COLAC, VIC, 3250 Beds3 Bathrooms1 Parking 1 627000

Local Schools

St Mary's School

Trinity College Colac Inc

Colac Secondary College

Colac Specialist School

Colac South West Primary School

Colac West Primary School

Colac Primary School

Sacred Heart School

Elliminyt Primary School

(While the above schools are located with the suburb of Colac there may also be nearby schools whose catchments cover this suburb)

Local Crime Rate

Incidents Trend State Average

We are currently collecting information for this location.

Colac weather - Average Local Climate by month

(mm)
RAIN		Min (°C)
TEMP		Max (°C)
TEMP		Min (%)
HUMIDITY		Max (%)
HUMIDITY		 (m/sec)
WIND		 (MJ/sq m)
SOLAR
Jan1.212.926.536.895.46.424.9
Feb0.913.325.542.395.66.520.8
Mar1.112.223.244.694.36.316.1
Apr1.410.019.053.195.96.211.7
May1.67.915.066.996.56.68.7
Jun1.7612.276.597.36.27.2
Jul1.95.511.876.497.87.67.3
Aug1.95.312.469.397.27.710.2
Sept2.06.714.963.397.27.314.3
Oct1.87.917.757.996.17.119.3
Nov1.69.320.650.797.76.622.0
Dec1.211.023.941.796.46.625.6

source: Australian Government Bureau of Meteorology

Internet Speed

Download 25 Mbps / Upload 5 Mbps

Nearby Suburbs

Colac EastBalintoreColac WestCororookeElliminytCoragulacYeoOnditIrrewarraLarpent

Public Transport

Birregurra - Greater then 10KM Camperdown - Greater then 10KM Colac - Less than 5 KM Winchelsea - Greater then 10KM

General Points of Interest

Colac Lawn Tennis Club - Less than 5 KM Colac Central Bowling Club - Less than 5 KM Colac Golf Club - Less than 10 KM Colac Plaza - Less than 5 KM

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